Thread regarding Bed Bath & Beyond layoffs

ASMs?

Overheard cryptic comments about ASMs today through a part closed door. This is making me apprehensive does anyone know more? Afraid to be blindsided.

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Post ID: @11c4tZkR

8 replies (most recent on top)

They do indeed plan to eliminate the ASM position this quarter. Here is the confirmed plan.

Firstly, by doing it in the third quarter it allows the company to use the cost savings/ revenue from selling off property assets and leasing them back at lower rates which will allow them to afford the severance pay of the 700 or so ASM positions in the core company. This will give a long term cost savings of close to ~32 million for the upcoming year. They also plan to eliminate other ASMs before this restructure by aggressively coaching and terminating ASMs to save the cost of severance. This will also give great cost savings for stores who are not very profitable at the current moment.

They will restructure the store management as follows:
Store Manager - Store Team Leader
Operations Sup - Operations Team leader
Sales/ Dept Sups- Sales Team Leader
Leads (already here)- Specialists
Receiving Sup- Operations specialist
Store trainer- Sales and CS Team leader/ Specialist.

This is the reality. The goal is to refresh the cost structure and create less management layers in the store for quicker decision making while still enacting a sense of promotion within the organization.

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Post ID: @11c4tZkR-9lup

I don’t see them getting rid of SMs, but I have heard that Area Managers are a growing deal for many areas where having a DM is too costly. I think ASMs will he gone, and they will only have DS in stores- and might I add that this is the reality in many stores. They have an SM and 3 DS. The reality is that very few stores will have an ASM- and that will soon be just A++ stores and NY+, not even simple A volume stores.

If you are an ASM and you aren’t in a large volume do yourself a favor and find another job- it’s better to leave on your term than theirs. I’m not waiting for a chance at severance that may never come. They fired my co-ASM last month. Im sure I’m next on the list!

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Post ID: @11c4tZkR-2kdp

I'm in what use to be the northeast region but when our RVP "retired" they got rid of the region and put us with mid-atlantic. They just took two stores from our DM and gave them to someone else. One of the stores in our district has moved from 1 floor ASM and 1 DS to three DS. Their SM recently left. Apparently they have a new SM, but the feeling for some has been that they might do away with SMs and have AMs instead. Yesterday, a district staff let it slip that "some" stores that they go to are closing. Don't know who but they swear it isn't anyone around us. My store is currently 1 DS, 1 floor ASM, operations ASM, and SM. Also, the ASMs more recently moved from salary to hourly. We just heard that they making us be open on thanksgiving after years of swearing they never do that to us. We do horrible on black Friday. Thanksgiving isn't going to change that especially when we don't actually have good deals. This company doesn't give a sh– about it's employees. They pay us sh– while thinking of ways they can continue to put 6 figs in their pockets.

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Post ID: @11c4tZkR-2kbs

What are the comments you heard?

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Post ID: @11c4tZkR-1fhq

OPs mgrs need to be gone, do not offer them a different position because they still won’t work as expected!! There’s one that says she has a guarantee job, lol!

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Post ID: @11c4tZkR-1utg

I know I will sound naive but I wish they would man up and just be honest with us about what will happen to us. We go in every day and give our all and protect the companies assets and take a [email protected] ton of abuse from the customers. Make the stores look great and sell and get emails and whatever else is asked of us. Department sups with keys aren’t always the best option. . We have one who calls out more than they are at work. If this is the future it seems glim.

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Post ID: @11c4tZkR-1xdw

From what they just did in our store- I’m Sure ASMs are about to go!!! They just made one of our long time Dept supervisors the ‘operations supervisor’ and the assistant is now the “ASM” for hard-side merchandising. They said that Operations are no longer a 50 hour a week job. They are probably just sick of assistants finding ways to sit in the office as much as possible. We are in the Mid-Atlantic territory and it seems to be a continuous move they are doing. My bet is that they are all out by November! Good bye upward growth and high paid managers!

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Post ID: @11c4tZkR-1qcm

Afraid to be blindsided, you’re about to be blindsided. Nothing good is going to be happening for any management employees. Worker bees are relatively safe because somebody’s got to stock the shelves and ring up customers, until of course they decide to close the store.
When you start living with anxiety and fear with your job, it’s time to go do something else! Terrifying as that may sound, there is ALWAYS something better than working for a company in managerial turmoil. I speak from experience. Get your stress level down, get another gig.

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Post ID: @11c4tZkR-xty

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